Jagran Prakashan Limited (JPL), publishers of 'Dainik Jagran', India's largest read newspaper today announced an in principle agreement under which JPL will publish the facsimile edition of The Independent,(International Edition) from New Delhi.
"Strategic partnership between JPL and INM enables us to offer a quality international newspaper to Indian readers. The Independent is known for providing unmatched editorial insights into global businesses, markets and economies and has maintained unrivaled journalistic standards worldwide", said Shri Mahendra Mohan Gupta, CMD, Jagran Prakashan Ltd.
JPL is in process of finalizing the launch of its second brand with core management team already in place. Mr Alok Sanwal has joined as vice president to head second brand. Prior to joining Jagran he was investment director Media M group. JPL has recently launched its 31st edition in Amritsar, Punjab.
The Independent Group is planning to increase its stake by 1-3% in Jagran Prakashan Ltd. Presently, it has 20.8% stake in JPL. Jagran Group is also in talks to sell 20% stake in its radio arm to the Independent Group.
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